Did You Know You Can Do More With Fewer Workers?

By: First Union


Did You Know You Can Do More With Fewer Workers?

As a small business owner, you're probably always on the lookout for ways in which to cut costs and ultimately save money. Numerous smaller businesses have begun turning more and more often to technology and apps that enable them to work more efficiently, with less expensive operating costs. You don't necessarily need a huge staff on hand, and administrative tasks can now be handled largely by software and innovative new platforms. It is about optimizing what you do and how you go about doing it.

Not to mention, by implementing technology to help manage your business, keep track of customer service issues and streamline communication, you're essentially facilitating a better all-around the client experience. The client is kept in the loop, notified when necessary, sent required documentation—you name it, there's technology available that can help your small company manage it.

And businesses only seem to be moving toward automation in greater numbers than ever before. According to a recent report, as many as a quarter of the country's workforce could have much of their work performed by machines.

This means little staff and more flexibility. Think about it, with fewer people to pay, you can be pickier about which projects you take on. You don't have to be constantly managing people either. You are, in essence, freed up in multiple ways. Another trend small firms are using to save money and cut personnel is to utilize freelance professionals.

Following the recession, the use of freelancers to perform what would otherwise be full-time jobs within a company started to become increasingly popular. Financially, it makes sense for many. Plus, if there is another economic downturn, employers are thus not as worried about having to lay off workers as the bulk of jobs are done by contract employees. Also, several small businesses tend to be seasonal in terms of their productive periods—having freelancers during the busier months and then saving that money you'd otherwise spend on salary during slower times can certainly be helpful.

First Union Lending can help your business with our many business loan programs. We tailor the business loan to you. Find out what you qualify for!

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First Union Lending LLC is a dually licensed Lender/Broker with its main offices located at 4900 Millenia Blvd First Floor Orlando, FL 32839. First Union Lending LLC and its ads are meant for continental United States, including Alaska and Hawaii small business owners. Business Loans offered by First Union Lending LLC have varying rates and terms that can range from 30 - 120 payments and all rates and terms are based on eligibility of the business and its owners. The actual terms are based on credit, business history, industry, amount and terms. As an example, a $5,000 loan paid over 5 years at 8% would have a total repayment of $6,082.92 over the life of the loan. We use the latest encryption to protect sensitive information transmitted online, as well as run our own secure server network to ensure your information is protected offline as well. California loans made pursuant to the California Financing Law, Division 9 (commencing with Section 22000) of the Finance Code. All such loans made through VBJ Consulting, LLC, a licensed finance lender/broker, California Financing Law License No. CFL#60DBO78163

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